Axon Enterprise, Inc. (AXON) vs Fastenal Company (FAST)

FAST leads on 10 of 16 compared metrics.

A side-by-side comparison of Axon Enterprise, Inc. and Fastenal Company across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 7, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare
Axon Enterprise, Inc. logo
AXON
Axon Enterprise, Inc.
$52.30B
$648.85Industrials
Fastenal Company logo
FAST
Fastenal Company
$54.13B
$47.15Industrials

Total return — AXON vs FAST

growth of $100 · last 25y
AXON +108925.5%FAST +2211.5%AXON compounded faster
Log scale — wide-divergence pair
101001k10k100k1MStart $10020062011201620212026$109,025$2,311
AXON FAST

AXON vs FAST: by the numbers

  • •FAST is the larger company ($54.13B vs $52.30B market cap).
  • •FAST trades at the lower earnings multiple (42.38 vs 249.73 P/E).
  • •FAST converts more revenue to profit (15.39% vs 6.91% net margin).
  • •AXON grew revenue faster over the past five years (32.56% vs 8.19% CAGR).
  • •FAST pays a dividend (1.99% yield) while AXON does not currently pay one.

Which is better, AXON or FAST?

Metric tally: AXON 6 · FAST 10

It depends on what you're optimizing for:

ValueFAST(lower P/E)
GrowthAXON(faster 5Y revenue CAGR)
QualityFAST(higher ROIC)

Metrics side by side

Valuation

MetricAXONFAST
P/E ratio249.7342.38●
Forward P/E80.9538.84●
P/S ratio17.216.59●
P/B ratio14.5213.94●
PEG ratio2.12●3.65
EV / EBITDA395.3429.51●
FCF yield0.04%2.09%●

Profitability

MetricAXONFAST
Gross margin59.32%●44.89%
Operating margin1.48%20.25%●
Net margin6.91%15.39%●
ROE5.84%32.58%●
ROIC-1.11%28.17%●

Dividends

MetricAXONFAST
Dividend yield—1.99%
Payout ratio—87.27%

Growth (annualized)

MetricAXONFAST
Revenue CAGR (5Y)32.56%●8.19%
EPS CAGR (5Y)117.98%●7.96%
FCF CAGR (5Y)32.23%●3.42%
Total return CAGR (5Y)29.79%●15.74%

Frequently asked

Which is better, AXON or FAST?
It depends on your goal. value: FAST (lower P/E); growth: AXON (faster 5Y revenue CAGR); quality: FAST (higher ROIC). Across all compared metrics, FAST leads 10 to 6.
Is AXON or FAST cheaper?
On trailing earnings, FAST is cheaper: AXON trades at a 249.73 P/E and FAST at 42.38.
Which has grown faster, AXON or FAST?
Over the past five years, AXON grew revenue faster — AXON at a 32.56% CAGR versus FAST at 8.19%.
Does AXON or FAST pay a bigger dividend?
FAST pays a dividend (1.99% yield) while AXON does not currently pay one.
Is AXON or FAST more profitable?
FAST runs the higher net margin — AXON at 6.91% versus FAST at 15.39%.
Which has been the better investment, AXON or FAST?
Over the past 10-year, AXON delivered the higher annualized total return — AXON at 38.05% versus FAST at 18.93%. Past performance doesn't predict future results.

Go deeper

Full AXON analysisFull FAST analysisInteractive comparison tool

Dig into the metrics

Axon Enterprise P/E ratioFastenal P/E ratioAxon Enterprise dividend yieldFastenal dividend yieldAxon Enterprise ROEFastenal ROEAxon Enterprise operating marginFastenal operating marginAxon Enterprise revenue growthFastenal revenue growthAxon Enterprise free cash flowFastenal free cash flow

Axon Enterprise & Fastenal appear in these rankings

Fastest Revenue Growth StocksHighest ROE StocksHighest ROIC StocksBest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 7, 2026.